Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers S > Headlines for S&P 500 index > News item |
UBS to price trigger phoenix autocallables on Euro Stoxx, S&P 500
By Marisa Wong
Morgantown, W.Va., Oct. 19 – UBS AG, London Branch plans to price trigger phoenix autocallable optimization securities due Oct. 31, 2018 linked to the worst performing of the Euro Stoxx 50 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 7.6% to 8.2% if each index closes at or above its coupon barrier level, 70% of its initial level, on the observation date for that quarter.
The notes will be called at par if each index closes at or above its initial level on any quarterly observation date after six months.
The payout at maturity will be par plus the final contingent coupon, if any, unless either index finishes below its 70% trigger level, in which case investors will be fully exposed to any losses of the worse performing index.
UBS Investment Bank and UBS Financial Services Inc. are the agents.
The notes will price Oct. 28 and settle Oct. 30.
The Cusip number is 90275G558.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.